(Reuters) The European Union’s ban on Russian fuel imports that begins next week is expected to keep profit margins high this year at U.S. oil refiners, executives said, as global fuel trade shifts. A Feb. […]
Exxon Mobil Corp. has set the cost of its planned Canadian renewable-diesel facility at C$720 million ($540 million) and said much of the fuel will be shipped to British Columbia to support the province’s emissions-reduction […]
Jan 26 (Reuters) – Valero Energy Corp (VLO.N) zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner’s best year on record, boosted by higher demand for fuel and healthy refining margins […]
The Texas Oil & Gas Association (TXOGA) released its annual Energy & Economic Impact Report highlighting the industry’s continued and unmatched economic impact, the Lone Star State’s global energy leadership, and what is needed to continue meeting […]
Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. Picture taken January 9, 2020. REUTERS/Mark Makela Jan 23 (Reuters) – U.S. oil refiners are expected to report higher […]
Originally published on November 10, 2022 The US is experiencing a dangerous shortage of diesel fuel. Blame our anti-fossil-fuel politicians, who: Prevented us from importing Canadian oil well-suited to our refineries Prevented or shut down […]
Finnish grid operator Gasgrid has chartered Exemplar for 10 years at a total cost of €460 million. The Exemplar floating storage and regasification unit (FSRU) arrived at the Finnish port of Inkoo on Wednesday and […]
Most refineries on the U.S. Gulf Coast have begun procedures to restart operations that were disrupted by the massive winter storm late last week, but a full return to normal output of motor fuels could […]
According to data sourced from Bloomberg, China’s imports of Russian energy rose to $27 billion after it hit a total of $68 billion since the Russian invasion of Ukraine. This is a significant increase from […]
An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said […]
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